Broadening Formations [QuantVue]Broadening formations are common chart patterns observed by technical traders. A broadening formation is formed when the volatility of an asset increases, thus expanding the range of its price resulting in higher highs and lower lows.
The Broadening Trendline indicator, works by looking for pivot points where a higher high or lower low is made compared to the previous pivot point. If a top and bottom line are detected a broadening formation is formed.
Indicator includes alerts, custom colors and styles, the ability to see previous trendlines, and notifications when a trendline is crossed.
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Pro Trading Art - Broadening WedgesThis indicator will create lines on the chart based on last two pivot high and low.
These line will create broadening wedges.
Trader can make trade when price break last wedge point.
Trader can identify breaking point with the help of dotted line.
About the Indicator Input
Pivot Length
This is a pivot look back length for both direction.
